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The Arab State of Qatar welcomes monetary investments from all over the globe. Qatar business offers a high degree of commercial freedom. The availability of abundant skilled labor acts as a catalyst to setting up business in the country.
Qatar business is predominantly oil based. The business in Qatar revolves around the highly coveted liquid. The natural resource of petroleum forms the bulwark of the economy of the Emirate of Qatar. The export of oil and its associated end products constitute more than 80% of the foreign exchange earnings of the Arab country. Petroleum contributes more than 70% of the total revenues earned by the Government of Qatar. It contributes in strengthing the Qatar Economy. Qatar also possesses significant quantities of natural gas reserves. The export of natural gas also contributes to the significant growth of foreign currency reserves in the country.
The business scenario in Qatar not confined to crude petroleum production and its refinement. The scope for doing business in Qatar extends to steel reinforcing bars, fertilizers, ammonia, commercial ship repair and the cement industry. Qatar also exports a small part of its agricultural production. Agricultural products include poultry, beef, dairy products, fish and fruits. The Qatari government would like to lower the economic dependence on petroleum products and thus emphasize on diversification of businesses.
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